Well, that was something and nothing, wasn’t it? Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The non-event of the month was the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announcement this week of its intention to end sanctions on En+ Group plc, UC Rusal plc, and JSC […]
Category: Metal Prices
Week in Review: Palladium’s Rising Star, China’s Auto Tariffs and November Steel Production
Before we head into the weekend, let’s take a look back at the week that was with some of the stories here on MetalMiner: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sohrab Darabshaw writes about a Japanese firm opening a new aluminum alloy plant in India. In case you […]
November Global Crude Steel Production Up 5.8% Year Over Year
Global crude steel production in November jumped 5.8% year over year, the World Steel Association reported today. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Production from the 64 countries reporting to the World Steel Association hit 148.6 million tons (MT) in November, continuing an upward production growth trend that […]
This Morning in Metals: U.S. to Lift Sanctions on Russian Oligarch Deripaska’s Companies
This morning in metals news, the U.S. Treasury Wednesday announced it will lift its sanctions against companies owned by Russian oligarch Oleg Deripaska (which includes aluminum giant United Company Rusal), Chinese steel prices hit a five-week high and Alcoa cuts aluminum production amid a labor dispute at its Becancour smelter in Quebec. Need buying strategies […]
This Morning in Metals: E.U. Extends Steel Investigation
This morning in metals news, the European Commission has extended its probe of steel imports, steel production in the Great Lakes region of the U.S. ticked up last week and Chinese aluminum companies will reportedly come together to discuss falling aluminum prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: Aluminum Extruders Council Wins Transshipment Case
This morning in metals news, the Aluminum Extruders Council (AEC) won a transshipment case, copper prices dropped to a five-week low, and Tata Steel and thyssenkrupp announced the leadership team for their proposed European joint venture. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook AEC Claims Victory The AEC celebrated […]
Palladium is the New Gold
After surging more than 50% in the last four months, palladium — that previously little-discussed Platinum Group Metal (PGM) — reached $1,255.12/ounce, surpassing gold for the first time in 16 years last week, according to The New York Times. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Driven by both […]
This Morning in Metals: Tokyo Steel to Hold Prices Steady in January
This morning in metals news, Tokyo Steel says it will hold steel prices steady in January, base metals prices fell Monday and Australian miner Fortescue announces its mid-grade iron ore production expectations for 2019. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steady Steel Prices for Tokyo Steel After prices […]
Final Monthly MMI Report of 2018 Is Now Available
The December Monthly Metals Index (MMI) report is in the books. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook While a few sub-indexes saw some gains from November to December — Copper, Global Precious Metals and Automotive MMIs, among them — the real story seemed to be the decline in […]
Stainless MMI: Nickel Prices Fall, Stainless Surcharges Steady
The Stainless Steel Monthly Metals Index (MMI) dropped two points, bringing the index value to 66 points. The drop came as a result of lower LME nickel prices, while U.S. stainless steel surcharges held steady this month. Need buying strategies for steel in 2019? MetalMiner’s Annual Outlook has what you need LME Nickel LME nickel […]
